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Subbarao says bad loans situation 'disturbing'

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Reuters AHMEDABAD
Last Updated : May 30 2013 | 5:47 PM IST

AHMEDABAD (Reuters) - Reserve Bank of India (RBI) chief Duvvuri Subbarao said on Thursday that the bad loan situation at lenders was "disturbing".

However, he added, that it would not have a major impact on Basel III rules for capital adequacy.

Subbarao was speaking at an institute in Ahmedabad, Gujarat.

(Reporting by Neha Dasgupta; Editing by Anand Basu)

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First Published: May 30 2013 | 5:29 PM IST

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